IESC financial statements

The full income statement, balance sheet, and cash-flow statement for IES Holdings Inc. (IESC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 20.0M2024-09 20.0M2024-12 20.0M2025-03 19.9M2025-06 19.9M2025-09 19.9M2025-12 19.9M2026-03 19.9M2026-06 19.9M-0.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Revenue	3.37B YoY+16.9%	2.88B YoY+21.3%	2.38B YoY+9.7%	2.17B YoY+41.0%	1.54B YoY+29.0%
	859M YoY+23.4%	697M YoY+56.7%	445M YoY+39.4%	319M YoY+10.7%	288M YoY+26.3%
Cost of revenue	2.51B YoY+14.8%	2.19B YoY+13.2%	1.93B YoY+4.6%	1.85B YoY+48.0%	1.25B YoY+29.7%
Selling, general & administrative	475M YoY+19.7%	397M YoY+32.8%	299M YoY+13.7%	263M YoY+29.9%	202M YoY+18.3%
Amortization of intangibles	13.6M YoY+3.4%	13.2M YoY-3.5%	13.7M YoY+0.1%	13.7M YoY+3.6%	13.2M YoY+105.3%
Provision for credit losses	3.44M YoY+132.6%	1.48M YoY+1334.2%	-120K YoY-103.8%	3.14M YoY+158.3%	1.22M YoY-34.8%
Operating income	384M YoY+27.5%	301M YoY+88.3%	160M YoY+185.3%	56.0M YoY-34.6%	85.6M YoY+70.9%
Interest expense	1.81M YoY+35.6%	1.34M YoY-55.7%	3.02M YoY+1.8%	2.97M YoY+208.7%	962K YoY+23.8%
Other non-operating income	12.2M YoY+137.3%	5.13M YoY+185.8%	1.79M YoY+4948.6%	-37.0K YoY-112.9%	286K YoY+2483.3%
Equity-method income	14.8M	0.00	0.00	—	—
Gain (loss) on equity securities	7.49M YoY+401.7%	1.49M	0.00	0.00	—
Pre-tax income	394M YoY+29.3%	305M YoY+92.2%	159M YoY+199.1%	53.0M YoY-37.6%	84.9M YoY+72.2%
Income tax	96.8M YoY+34.1%	72.2M YoY+86.2%	38.8M YoY+202.5%	12.8M YoY-21.0%	16.2M YoY+85.7%
	306M YoY+39.6%	219M YoY+102.3%	108M YoY+211.5%	34.8M YoY-47.9%	66.7M YoY+60.2%
Net income to non-controlling interest	5.87M YoY-56.2%	13.4M YoY+16.4%	11.5M YoY+112.0%	5.42M YoY+168.8%	2.02M YoY+293.1%
	$15.02 YoY+51.9%	$9.89 YoY+117.8%	$4.54 YoY+215.3%	$1.44 YoY-54.3%	$3.15 YoY+62.4%
EPS (basic)	$15.22 YoY+51.9%	$10.02 YoY+118.8%	$4.58 YoY+215.9%	$1.45 YoY-54.5%	$3.19 YoY+62.8%
	19.9M YoY-1.2%	20.2M YoY-0.2%	20.2M YoY-2.3%	20.7M YoY-0.6%	20.8M YoY-0.0%
	20.2M YoY-1.1%	20.4M YoY+0.0%	20.4M YoY-2.3%	20.9M YoY-0.9%	21.1M YoY-0.0%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	1.09B YoY+24.5%	872M YoY+29.9%	671M YoY+7.5%	624M YoY+29.0%	484M YoY+30.3%
Cash & equivalents	127M YoY+26.1%	101M YoY+33.1%	75.8M YoY+204.9%	24.8M YoY+7.5%	23.1M YoY-56.9%
Short-term investments	105M YoY+198.8%	35.0M	0.00	—	—
Cash & short-term investments	—	—	75.8M YoY+204.9%	24.8M	—
Accounts receivable	552M YoY+17.5%	470M YoY+29.1%	364M YoY-1.9%	371M YoY+29.3%	287M YoY+34.6%
Inventory	112M YoY+9.6%	102M YoY+6.3%	95.7M YoY-0.7%	96.3M YoY+40.5%	68.6M YoY+175.5%
Prepaid expenses	20.9M YoY+45.3%	14.4M YoY+37.1%	10.5M YoY-31.7%	15.3M YoY-27.1%	21.1M YoY+130.1%
	1.60B YoY+28.3%	1.24B YoY+26.7%	982M YoY+5.0%	935M YoY+21.9%	767M YoY+36.8%
Property, plant & equipment	183M YoY+36.5%	134M YoY+111.6%	63.4M YoY+16.5%	54.4M YoY+53.5%	35.5M YoY+44.2%
Operating lease right-of-use	88.4M YoY+42.7%	62.0M YoY+0.3%	61.8M YoY+10.5%	55.9M YoY+30.2%	42.9M YoY+35.0%
Goodwill	108M YoY+14.8%	94.0M YoY+1.7%	92.4M YoY+0.0%	92.4M YoY+0.0%	92.4M YoY+71.9%
Intangible assets	41.6M YoY-9.3%	45.9M YoY-18.4%	56.2M YoY-21.9%	71.9M YoY-16.0%	85.6M YoY+117.5%
Deferred tax assets	16.1M YoY-28.5%	22.5M YoY+10.2%	20.4M YoY-0.7%	20.5M YoY+7.9%	19.0M YoY-43.8%
Other non-current assets	13.4M YoY-3.6%	13.9M YoY-14.1%	16.1M YoY+6.6%	15.1M YoY+114.9%	7.05M YoY+22.0%
	633M YoY+21.2%	523M YoY+30.5%	401M YoY-0.3%	402M YoY+29.0%	312M YoY+28.5%
Accounts payable	209M YoY+40.1%	149M YoY+7.8%	139M YoY-25.1%	185M YoY+35.0%	137M YoY+46.8%
Accrued liabilities	457M YoY+25.6%	364M YoY+22.5%	297M YoY-6.4%	317M YoY+27.2%	249M YoY+33.4%
Deferred revenue	177M YoY+11.2%	159M YoY+53.2%	104M YoY+22.2%	84.9M YoY+35.9%	62.5M YoY+12.1%
Short-term & current debt	0.00	—	—	—	—
Current lease liability	26.1M YoY+18.9%	22.0M YoY+12.7%	19.5M YoY+12.6%	17.3M YoY+23.9%	14.0M YoY+26.4%
Finance lease liability (current)	4.20M YoY-8.0%	4.56M YoY+6.1%	4.30M YoY+46.9%	2.93M YoY+183.4%	1.03M YoY+147.1%
	708M YoY+19.6%	592M YoY+22.9%	482M YoY-11.5%	544M YoY+37.4%	396M YoY+43.8%
Long-term debt	0.00	0.00	0.00 YoY-100.0%	81.6M YoY+105.4%	39.7M YoY+18216.1%
Non-current lease liability	62.0M YoY+53.2%	40.4M YoY-3.9%	42.1M YoY+10.4%	38.1M YoY+33.1%	28.6M YoY+39.5%
Operating lease liability (total)	88.1M YoY+41.1%	62.4M YoY+1.4%	61.6M YoY+11.1%	55.5M YoY+30.1%	42.6M YoY+34.9%
Finance lease liability (total)	7.59M YoY-26.2%	10.3M YoY-17.0%	12.4M YoY+22.3%	10.1M YoY+159.7%	3.90M YoY+146.1%
Other non-current liabilities	5.55M YoY-54.7%	12.2M YoY-27.8%	17.0M YoY+33.7%	12.7M YoY-21.2%	16.1M YoY+31.6%
	884M YoY+44.6%	611M YoY+35.8%	450M YoY+24.6%	361M YoY+4.4%	346M YoY+22.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	220K YoY+0.0%	220K YoY+0.0%	220K YoY+0.0%	220K YoY+0.0%	220K YoY+0.0%
Additional paid-in capital	211M YoY+3.5%	203M YoY+0.0%	203M YoY+0.8%	202M YoY-0.0%	202M YoY+0.7%
Retained earnings	801M YoY+60.9%	498M YoY+68.3%	296M YoY+45.6%	203M YoY+17.4%	173M YoY+61.8%
Treasury stock	128M YoY+41.4%	90.3M YoY+82.7%	49.5M YoY+12.4%	44.0M YoY+50.2%	29.3M YoY+19.6%
Non-controlling interest	4.01M YoY-90.2%	41.0M YoY-17.9%	50.0M YoY+71.1%	29.2M YoY+18.7%	24.6M YoY+1263.3%
Total liabilities & equity	1.60B YoY+28.3%	1.24B YoY+26.7%	982M YoY+5.0%	935M YoY+21.9%	767M YoY+36.8%
	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%
	19.9M YoY-0.6%	20.0M YoY-1.1%	20.2M YoY-0.7%	20.3M YoY-2.0%	20.8M YoY+0.0%
	19.9M YoY-0.6%	20.0M YoY-1.1%	20.2M YoY-0.2%	20.2M YoY-2.3%	20.7M YoY-0.2%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	286M YoY+22.1%	234M YoY+52.3%	154M YoY+846.4%	16.3M YoY-57.1%	37.9M YoY-50.6%
Depreciation & amortization	46.9M YoY+26.5%	37.1M YoY+26.2%	29.4M YoY+15.5%	25.5M YoY+16.2%	21.9M YoY+75.2%
Intangible amortization	13.6M YoY+3.4%	13.2M YoY-3.5%	13.7M YoY+0.1%	13.7M YoY+3.6%	13.2M YoY+105.3%
Share-based compensation	12.9M YoY+133.7%	5.53M YoY+26.5%	4.37M YoY+15.8%	3.77M YoY+7.2%	3.52M YoY+6.0%
Deferred income taxes	-3.31M YoY-193.5%	-1.13M YoY-121.7%	5.18M YoY+16825.8%	-31.0K YoY-100.3%	11.7M YoY+128.9%
Change in receivables	79.9M YoY-14.5%	93.5M YoY+3305.6%	-2.92M YoY-103.3%	87.2M YoY+57.4%	55.4M YoY+118.1%
Change in inventory	-4.15M YoY-217.8%	3.52M YoY+208.4%	1.14M YoY-95.9%	27.8M YoY-9.0%	30.5M YoY+981.4%
	-164M YoY-50.4%	-109M YoY-4029.5%	2.77M YoY+109.4%	-29.5M YoY+70.3%	-99.6M YoY-196.4%
Capital expenditure	67.3M YoY+48.9%	45.2M YoY+155.6%	17.7M YoY-39.6%	29.3M YoY+295.3%	7.40M YoY+56.0%
Free cash flow	219M YoY+15.6%	189M YoY+38.9%	136M YoY+1148.5%	-13.0M YoY-142.6%	30.5M YoY-57.6%
Acquisitions	52.4M YoY-21.8%	67.0M	0.00	0.00 YoY-100.0%	92.5M YoY+219.4%
	-96.1M YoY+4.4%	-100M YoY+5.0%	-106M YoY-804.2%	15.0M YoY-51.8%	31.2M YoY+466.5%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	41.6M YoY-5.4%	44.0M YoY+431.5%	8.28M YoY-55.4%	18.6M YoY+164.9%	7.01M YoY-9.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Net change in cash	26.3M YoY+5.1%	25.1M YoY-50.8%	50.9M YoY+2821.5%	1.74M YoY+105.7%	-30.5M YoY-188.0%
Interest paid	882K YoY+64.6%	536K YoY-74.3%	2.09M YoY-31.9%	3.07M YoY+315.7%	738K YoY-5.6%
Income taxes paid	117M YoY+90.4%	61.6M YoY+411.1%	12.1M YoY+205.0%	3.95M YoY-21.9%	5.06M YoY+1467.2%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	7.90B YoY+98.0%	3.99B YoY+199.8%	1.33B YoY+138.1%	559M YoY-40.9%	946M YoY+43.5%
P/E	25.8× YoY+41.8%	18.2× YoY+18.7%	15.3× YoY-4.6%	16.1× YoY+13.2%	14.2× YoY-10.4%
P/S	2.3× YoY+69.4%	1.4× YoY+143.8%	0.6× YoY+119.9%	0.3× YoY-58.1%	0.6× YoY+11.2%
P/B	8.9× YoY+36.9%	6.5× YoY+103.6%	3.2× YoY+107.2%	1.5× YoY-43.5%	2.7× YoY+17.5%
P/FCF	36.1× YoY+71.3%	21.1× YoY+84.9%	11.4×	—	31.0× YoY+238.5%
	3.9% YoY-29.5%	5.5% YoY-15.7%	6.5% YoY+4.8%	6.2% YoY-11.7%	7.0% YoY+11.7%
	2.8% YoY-41.6%	4.7% YoY-45.9%	8.8%	—	3.2% YoY-70.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: IESC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IESC filings on SEC EDGAR → Not investment advice.